Question
4. Net income was $72,100; accounts receivable decreased by $17,750; inventory increased by $7,850; proceeds from the issuance of long-term debt were $23,450; accounts payable
4.
Net income was $72,100; accounts receivable decreased by $17,750; inventory increased by $7,850; proceeds from the issuance of long-term debt were $23,450; accounts payable decreased by $6,050; equipment purchases were $77,000; depreciation and amortization expense was $30,800. (Amounts to be deducted should be indicated with a minus sign).
Required: |
Calculate the net cash provided (used) by operating activities for the period. |
Cash Flows From Operating Activities: _____________________________ _______________________ _____________________________ _______________________ _____________________________ _______________________ _____________________________ _______________________ _____________________________ _______________________ _____________________________ _______________________ _____________________________ _______________________ _____________________________ _______________________
_____________________________ _______________________ _____________________________ _______________________
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